# NIOG (Leverage Shares 2X Long NIO Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: NIOG returned −53.0% where its own daily promise gave −51.6%, 1.4 points short.

## Key facts

- NIOG, what NIO did: −29.2%, as of Sep 11, 2026.
- NIOG, what +2 times a day gives: −51.6%, as of Sep 11, 2026.
- NIOG, what the fund returned: −53.0%, as of Sep 11, 2026.
- NIOG, the fund itself cost: −1.4 pts, as of Sep 11, 2026.
- NIOG, net assets: $4m (issuer page, as of Sep 10, 2026).
- NIOG, expense ratio: 0.75% (485BPOS XBRL, Dec 11, 2025).

## NIOG over each window to Sep 11, 2026

| Window | Fund | NIO | +2x the move | Difference | NIO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −35.6% | −18.7% | −37.4% | +1.9 pts | 37% |
| 3 months | −53.0% | −29.2% | −58.3% | +5.3 pts | 36% |
| 6 months | −67.3% | −37.0% | −74.1% | +6.8 pts | 50% |
| Since launch | −58.0% | −25.1% | −50.3% | −7.7 pts | 53% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NIO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.82 times, against +2 stated | ETFIQ |
| Underlying | NIO | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 11, 2025 |
| Launched | Dec 18, 2025 | ETFIQ |
| Underlying volatility over the window | 36% annualized | ETFIQ |

## Questions

### Did NIOG return +2 times NIO?

Over the window to Sep 11, 2026, NIO moved −29.2% and NIOG returned −53.0%. 2 times that move is −58.3%, so the fund came out 5.3 points ahead of it.

### Why does NIOG not return +2 times over a year?

Because it resets daily. NIOG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, NIOG, data as of Sep 11, 2026. https://etfiq.com/funds/NIOG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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